This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Scripps Upgraded to Buy; Shares Soar

NEW YORK ( TheStreet) -- Shares of Scripps Networks (SNI - Get Report) have advanced following an upgrade to buy from neutral by UBS (UBS).

Scripps stocks has shot up 4.7% to $45.80 in midday trading.

UBS analyst Michael Morris wrote, in a note to clients, that analyst estimates "significantly underestimate the earnings power of affiliate fee increases and ad growth driven by higher ratings at Food Network and HGTV," according to the Associated Press.

Morris has raised his share price target for Scripps to $52 from $39 and foresees a profit of $2.44 per share in 2010, higher the $2.01 per share figure derived from a Thomson Reuters poll of analysts.

Other related companies are trading in mixed territory. Discovery (DISCA - Get Report) has slid 0.6% to $32.60, while Liberty Media (LINTA) has added 1.4% to $11.70. Outdoor Channel (OUTD) has fallen by 1% to $5.50.

-- Reported by Andrea Tse in New York

>>See our new stock quote page.

Follow on Twitter and become a fan on Facebook.
Copyright 2009 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
LINTA $28.18 0.75%
DISCA $31.08 0.00%
SNI $57.74 0.00%
UBS $19.18 0.00%
AAPL $117.81 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs